TETELESTAI Notification List

The TETELESTAI(It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

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(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

Nothing needs to be signed. Got word that part all done. Nothing needs to be signed other than exchange papers

IP > Sem:Thank you for that confirmation. I feel at peace today, absorbing all the great news that came in. I even shed a little tear when I read that AngelQuest post. :-) We are truly there Christopher > IP:Love AngelQuest She is as good as they come. I was thinking of Studley, sweetqueen, bellagrits, freeway bill, and jonnywg today too.. All seasoned vets of the cold currency wars.. Godspeed Studley, you have been greatly missed. Mira > Sem:Thanks, jibes with Colonel Fisher's call. Rings true.

By G-Lin on 2/27/15 from Tlar & Members Discussing the 50 Dinar Notes.

Experts: 50 dinars born "dead" .. and canceled due to fraud and the deletion of zeros

A source in the CBI revealed that the bank has decided to withdraw
the currency of 50 dinars from circulation category because of fraud and
conflict with other categories when deleting zeros from the currency,

and while experts confirmed that the abolition of the small category
guide to take prices upward trend, said the 50 dinars born "dead"
because they are too small and can not be accepted compared to other
groups

The Central Bank of Iraq, the day before yesterday, the
currency was withdrawn from the category of 50 dinars from circulation
due to "low value and stop the audience from the circulation," according
to a statement of the bank.

A source in the CBI told the
"term" that "the Bank does not want a conflict between the currency
category of 50 dinars and 500 dinars in case of deletion of zeros from
the last," noting that "the central decided to cancel the deal with 50
dinars category formally instructed banks government and private bring
this group to the bank in order to burn them. "

Millionday: EVERYONE TO NEWS IS FULL OF MILITARY ACTION TONIGHT AND MEETINGS BESIDES SOME I AM BRINGING -- SO KNOW WE DO NOT HAVE A LONG NEWSTIME

Millionday: GREAT TO SEE EVERYONE -- I WOULD LIKE THE FLOOR

Millionday: WE HAVE GOTTEN SOME GREAT NEWS TODAY -- BGG`S DAD IS DOING SO WELL THE DOCTORS DONT UNDERSTAND -- SO OUR PRAYER IS WORKING AND BLESSINGS ARE SHOWERING

Millionday: SMILE WHOOOPOW

Millionday: Commerce Minister Mlas Engineer Mohammed Abdul Karim received in his office HE ambassadors of the United States of America Stuart Jones Islamic Republic of Iran Hassan Dnaii separately; to discuss the supply of ration to the ministry vocabulary mechanisms.

In addition to issues of mutual understanding concerning the promotion and development of trade relations and increase the volume of trade exchange between Iraq and those countries and to serve the common interests.

Millionday: NOTE -- THIS IS THE MINISTER OF COMMERCE MEETING WITH US --AND IRAN TO PLAN TRADE RELATIONS AND INCREASE THEM -- REMEMBER THE 1ST IS WHEN TAXATION IS SUPPOSED TO BEGIN PER REPORTS

Commercial sources and data tracking of ships, according to the Reuters news agency that "the oil tanker of the Kurdistan region of Iraq said for months prevented from unloading its cargo in the US state of Texas under a lawsuit filed by Baghdad sailed back to the Mediterranean Sea and delivered its cargo to Israel." According to the agency.

The tanker carrying United Kalaverwta million barrels of crude oil from the Kurdistan region has become in the midst of a legal dispute in Texas last July with the pursuit of the Kurdistan Regional Government to increase the independent oil sales. "

I've always stated that if they ever did close the auction floor that something is coming down the road…this is still true today. This is good news for us but it doesn't mean it's going to happen next Friday. Here's the most important thing…the idea going around is that it's getting harder and harder to get dinar out of Iraq. The reason it's getting harder and harder is cause they reduced the note count. This is a big deal. You will always be able to get it but it's getting tougher and tougher.

It will revalue. There are 2 stated goals by the CBI and this is backed up by the MOP and MOF…first they want to get to a buck and this is a process and then they want to get to 3 dollars and this is a process. so let the process happen…"They" talk about these "laws" [that are supposedly out there], saying only so much dinar can come out of Iraq…How is it then that the Bank of America has a seat on the auction floor and literally bought millions and millions of US dollars worth of dinar who sold it to Chase bank who then sold it to me? So basically there are two banks who "illegally" sold dinar…none of that fits…it's common sense. It's tougher and tougher to get dinar cause it's not the wild wild west anymore and will get tougher.

Millionday: NOTE -- THIS IS THE ORIGINAL TAX ANNOUNCEMENT IF YOU HAVE NOT SEEN IT

Millionday: The Cabinet Minutes fifth held regular on 03/02/2015 approve the recommendation of the Committee on Economic Affairs on the inclusion of goods and materials imported all Product those of the Iraqi public companies, and mixed, and private all customs tariff No. 22 for the year 2010 law, that this decision is implemented, starting from Date of 03/01/2015.

Discussions with my Kurdish friend (as always treat as rumor and please due your own sound diligence) . The old 50 notes are being exchanged due to wear and tear and to have better security enhancements with the new notes. Citizens inside the country will have 60 days to exchange them. What about the 50 notes outside the country? Well .... Try selling them back or try exchanging those and you'll find out the answer. The deletion of the zeros program has now been given an extra year to start and complete. It was originally to be a 4 year program and due to the need to still achieve security, stability and rollout the banking and capital investment initiatives it will now be delayed an extra year. The program was to initiate later this year but now won't be till 2016. The major goal of crushing ISIS, retaking cities like Mosul, Anbar province, etc. is THE top agenda item this summer and fall with then gluing the national banking system and attracting foreign capital investments in the 4th quarter of this year. ALL is based on progress and conditions on the ground.

[Please note: my computer crashed halfway through and I was not able to transcribe the whole call. Therefore I added the Cliff Notes summary at the end.]

Tony: This is a First-caller Friday, according to Pam (the tyrant) and we will comply.

Good morning, TNT! Today is Friday, February 27, 2015. Yes, I can say again I never, ever expected to be here. I DO expect to be doing a call before Monday morning – I expect and look forward to it, and surely hope it will be. If that is what you are on the call for, you can hang up now and we’ll see what happens.

DC: Hope everyone is doing well. It is a very good day for all of us. For those who doesn’t care about the details, everything is beautifully lined up, singing Kumbayah in Iraq and in the US. Iraq is just trying to get it right, as we understand it.

Going west to east, we will hit the US first. All the banks in the US have been prepped, all the big four have had meetings and had tests posted through the entire system. The CBI has sent test messages to the central banks, and the central banks have sent them to Wells Fargo, Citi Bank, etc., the Bank of England have pushed it to their local banks, and so on. The initial exchange centers have received the rates, made sure they loaded successfully – and they have – and we have the times that happened, such as 6.30pm yesterday. They have also allowed a few test exchanges to make sure their systems work, and those codes have gone through. The vast majority will be informed when this is ready to go through. The screens are being guarded carefully. It is NOT on administrative hold, it is LIVE. Again, it is live; they are just restricting access, and the codes are limited to a few per location to make sure they work out. That is throughout the US. They are ready to go.

Kurdistan announce the dinars from Baghdad and is preparing to pay salaries next week

[tlm724] He said the central bank director in Kurdistan Adham Khurshid in a newspaper quoted statements and media Kurdish and vassal (range Press),

"The amount of 250 billion dinars, arrived this afternoon from the central government to Arbil," noting that "the amount will be transferred to the Central Bank ". the budget money is flowing like water now Wink

~~~

Approve the recommendation on the application of the customs tariff law on imported goods

[tlm724] you will notice the date of 2/8/2015 and it is from the Cabinet

[tlm724] someone must have bumped it up and it is good to see it again, tariffs are to begin March 1st

~~~

Finance Minister: adoption of the budget came after a painstaking efforts of the achievements of the government, but we need cooperation of citizens with regard to pressure spending and rationalize consumption

TODAY, I HAVE LEARNED MANY THINGS THAT I NEEDED TO BEFORE I COULD WRITE SOMETHING INTELLIGENT.

FIRST OF ALL, GLOBAL PROCESSES IN MOTION HAVE COME TO A HEAD, AND THE RELEASES OF MAJOR FUNDS FOR REDEMPTIONS OF HISTORIC ASSETS, THE RV, AND VARIOUS PROGRAMS ARE ALL SCHEDULED NOW TO START IN THE FIRST WEEK OF MARCH NOW THAT THE CHINESE NEW YEAR IS REALLY OVER.

PROJECT FUNDINGS WILL OF COURSE FOLLOW, AND IT CAN NOT COME SOON ENOUGH.

EVERYBODY IS DREDGING THE BOTTOM OF THE BARREL AND LOOKING AT BARE CUPBOARDS AND NOT EVEN A BONE IS LEFT.

So no we have no boots on the ground....to yes we do have boots on the ground.....we apparently will be involved in a 30,000 strong coalition group to be used to help free Iraq and Syria of the DAASH terrorists....

when questioned about the coalition forces US General Allen said he would rather continue in a closed session.....why even go there....the information shared in closed session will still be leaked to the world....just as KTFA information is leaked

Maliki calls for the arrest of al-Abadi Ali al-Dabbagh

Maliki is calling for the arrest of former Iraqi PM Ali al-Dabbagh for corruption....that is so "the pot calling the kettle black"....it makes me laugh....Maliki is making a feeble attempt to throw blame elsewhere thinking it will relieve some of the heat on him.....what a joke he is becoming....a treacherous joke. PM Abadi knows full well who is guilty of corruption and who was the ring leader of corrupt activities in the past.

[Shredd] raised the issue of a study on Iraq's accession to Vta agreement "a sensation among specialists, warning of its potential privacy violation of the accounts of local banks, after discussing the Ministry of Finance this issue with the government banks and the taxes and insurance companies."

known "Alvta" which is an acronym for Foreign Account Tax Compliance Act as measures limiting evade US citizens from paying taxes to the government, and entered several countries in this agreement recently.

(This report matches with what was said on the most recent classified report. ~ Dinar Chronicles)

The lunar year of the horse went out with a bang last week with an unprecedented Pentagon move to put CIA headquarters in Langley, Virginia under lockdown. The raid on the CIA was, “among other things” aimed at locating the three rogue nukes the Zionists have threatened to explode in the Ukraine, Pentagon sources say. Furthermore, the nuclear weapon headed for Stanlingrad (now Volvograd) has been seized by the Russians, the sources say. There was also an explosion near an airport close to CIA headquarters in West Virginia last week. US corporate news outlets describe the explosion as the result of a “train derailment” but local residents said it resembled a nuclear explosion. Footage can be seen here:

We can only speculate that somebody trying to flee the raid on the CIA met with a fiery death.

The raid on the CIA came immediately after Ashton Carter was sworn in as the new US Defense Secretary. It did not go unnoticed that Carter was sworn in by Vice-President Joe Biden and not Barack Obama.

The Pentagon raid on the CIA was a condition for keeping the government in Washington D.C. afloat after a February 17th payment deadline, according to Chinese and European sources. The shut-down of US West Coast shipping has also now ended in response to the Pentagon move against the terrorist Bush CIA faction, the sources said.

RedAlert:FORMER U.S. ARMY INTELLIGENCE OFFICER DISCUSSES RV AND FEDERAL INCOME TAX HOAX

LISTEN TO FORMER U.S. ARMY INTELLIGENCE OFFICER "COLONEL FISHER" -

(START AT 53 MINUTES):

Clarifies ZIM symbol, exchange limit, groups, tax on exchange He also explains the government income tax hoax as described by Peter Hendrickson in ‘Cracking the Code’ – “It’s all a scam!”

At 57:30: "This should happen, I would say, within the next three or four days."

Comments from a Skype chat room:

"The call was on Wed night (US) and Barbara is actually the lady asking most of the questions on the call. Start from the 53 min mark from when a guy calls "Fisher" calls in. "Fisher" I am told is a retired Army (Colonel) who worked in Intelligence and does free-lance intelligence work now.

A lot of great info on the dinar, dong, the groups (Admiral Group is mentioned), whale cash outs, the new financial system and when it kicks in, timing of the RV, Iraq budget status and much much more.

Listen to every word - it's brilliant intel and will help you think through your exchange strategy. Feel free to share.”

Article quote:"Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months."

Here is the way I see this:

(1) The 50 dinar note, worth about 4 cents, is not being used in Iraq at this time.

(2) The newer and more secure currency that has been printed did not include the 50 dinar note, as I understand it.

(3) Therefore, since it isn't the more secure note and isn't used anyway, the CBI is removing it from circulation.

(4) They are giving about 60 days to get them all in, after which time the currency will be worthless.

(5) Doing this at this time...is probably in preparation for a rise in the value of the dinar.

(6) I say this because if and when the value rises, the CBI would not want these "old" notes in circulation since they do not have the proper security features.

(7) Finally, "replacement" does not necessarily mean a new 50 dinar note will be issued. I suspect that over time a new note will be issued, once the value has risen. That is implied in the article, in my opinion. Therefore, I see this as part of the "clean up" process to get ready for the float.

People are asking me the same questions over and over so I will address them now.

Q. Is the HCL done?A. NO. It is not done and anybody saying it is either misinformed or doesn't understand the process. They have agreed to agree on many parts of it and still working out the bugs on other issues....there can be no fully implemented budget and subsequent revaluation without it.

Q. Is the budget in the Gazette?A. NO. The budget has been outlined in the law review of the MOJ site and has been signed, ratified, and agreed upon at every level but not placed in the official Gazette for immediate implementation and disbursement of all provincial funding. It can't be be for obvious reasons but if it were, and still at the 1166 level we would all know it and it would not be anything to be excited about.

Q. Are we really close or are we waiting on June or further out?

IMO based on everything I see and am hearing from our Arteam we are closer than close. Although nothing is impossible in Iraq, an unforeseen circumstance would have to occur to prolong this process indefinitely. The GOI/CBI has fast tracked their own procedures by the cessation of the auction regime. This tells us that they are assured of the timely passing of the necessary laws and riders needed to ensure the soon upcoming strength and international structuring of the IQD or they could have easily maintained their auction protocol for a longer period and not added to the already unwieldy liquidity dilemma on top of the inflationary event that the tariffs will engender, tariffs of which they no longer have the luxury of postponing as they are part of the 2015 budget. All indications are is that the cessations of the auctions was the beginning of a new mechanism and process that will by necessity soon include the revaluation of the Iraqi Dinar to an international reality rate commensurate with the current and future wealth of Iraq.http://www.dinarchronicles.com/intel

JUST IN....MANY ARE LOOKING AT THIS INVESTMENT AND WHAT IS HAPPENING ALL WRONG…THINKING SOMETHING OR SOMEONE IS HOLDING THIS BACK. THAT IS THE FARTHEST THING FROM THE TRUTH. I HAVE A KEY PERSON THAT IS BEYOND REPROACH IN HIS STATUS AND INSIDE POSITION. HE HAS EXPLAINED THE PROCESS THEY ARE IN IS A PLANNED AND AGREED UPON PROCESS. ABADI, JUBOURI, BARZANI AND ALL THE LEADERSHIP HAVE AGREED ON IT, APPROVED AND THEY ARE CARRYING OUT STEP BY STEP. I BEEN INFORMED TODAY THE FINAL PHASE OF THE PROCESS HAS STARTED. IT WILL PLAY OUT AS IT IS SUPPOSED TO PLAY OUT. FORGET ALL THE MINOR DETAILS OF THIS LAW OR THAT REASON – IT DOESN’T MATTER TO THE END RESULTS.I AM TELLING YOU THE PROCESS IS MOVING AS FAST AS THEY CAN GET IT DONE. THIS WEEK, NEXT WEEK OR 30 DAYS FROM NOW, IT IS WHAT IT IS. THEY KNOW THE DETAILS AND THEIR JOB AND THEY HAVE ALL ASSURED ONE ANOTHER THEY ARE GOING TO FINISH. NO DATE IS A DEADLINE BUT THE PROCESS AND WHEN IT IS FINISHED WE WILL ALL BE BLESSED. IRAQ WILL BE SAFE FOR MCDONALD’S, CITI BANK, DOMINO’S OR FORD MOTOR CO. OR ANY INDUSTRY TO DO BUSINESS IN. THEIR MONEY WILL BE HIGHLY VALUED AND TRADEABLE AROUND THE GLOBE. LET ME ASSURE EACH OF YOU THE WAIT IS SHORT AND THE BURDEN HAS BEEN LIGHTENED – WE CAN SEE THE PROGRESS AND HAVE BEEN ASSURED OF THE BLESSING COMING.

26/02/2015 Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months.

The bank said in a statement received by "direction Press", a copy of it, he was "given to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote trading based authorized to article 36 of the powers of the Bank Act No. 56 of 2004".

The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will be deposited at the bank and its branches for the purpose of being the equivalent value in the accounts we have."

He noted the bank that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq."

It is noteworthy that the Iraqi Central Bank issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market. sa

[tlm724] Zebari called during a meeting with a number of media self-financing companies to review the banks to take over the salaries of its employees

[tlm724] we have a press statement from the MOF let me show you

The Minister of Finance will hold a press conference at the ministry's headquarters Thursday February 26, 2015

Contract Finance Minister Hoshyar Zebari today February 26, 2015, in the headquarters of the ministry held a press conference on the occasion of the release and publication of the budget law in the Official Gazette (the facts of Iraq) confirmed him on that

this law will be the work of the Ministry of Finance and other ministries and government institutions for the implementation of the budget, which was built on the basis of the agreement clauses guide between the central government and the Kurdistan Regional Government during the current year.

The Minister referred to the difficult challenges faced by Iraq during this year due to lower oil prices in world markets on the one hand and the war on terror, on the other hand, so the budget has taken into account the need to put pressure on government spending

Anna Rosenberg, Head of Frontier Strategy Group’s Sub-Saharan Africa Research practice, recently on a research trip in Harare, finds that Zimbabwe holds large opportunities for business, despite the country’s dire economic and political crisis. This article was originally published by How We Made it in Africa.com

First impressions

I DON’T know what I was expecting when I arrived in Zimbabwe. It certainly wasn’t to land in the most developed country I had ever visited in Africa aside from South Africa (and I have been in quite a few countries throughout the continent).

After years of hearing bad things about Zimbabwe, I was surprised not to find a more desolate and dangerous place.

The roads are better than in most African countries, although apparently they are in worse condition than they have ever been. Urban planning seems to have been well thought through in Harare with wide avenues leaving ample space for motorists, pedestrians, and even cyclists, meaning traffic jams are less common than in other African cities.

The streets are not filled with the affordable and robust Toyota automobiles, which are well known for being able to handle potholes, the main characteristic of an African street.

On the contrary, one sees Mercedes, Lexus, Opel, and Volkswagen cars, emphasising Zimbabwe’s better road conditions and the historically higher purchasing power of its people.

Today could be an exciting day it appears....the CBI has announced it will be pulling the 50 dinar note from circulation starting March 1 and ending April 30.....big news......

Parliament had a good session, completing 4 laws today.....250 billion dinars arrived in Erbil today to make partial salary payments to the Kurds....looks like there will be some localized borrowing to deal with the budget deficit....2 billion dinars for Social Security is being delivered to Basra.....

World Bank Group continues to provide assistance to Iraq now with aid to transportation....Parliament is optimistic about Baghdad and Erbil reaching agreements on differences.....

Finance Minister Zebari has announced that instructions have been issued that will impose taxes on cigarettes, imported cars, mobile phones, and the internet.....these are things that Delta recently talked about....remember him mentioning the large numbers of Iraqi's that smoke.....now they will be paying extra for their vice.....300% extra...wow......he doesn't say when these taxes will start to be imposed....will be looking for more on that regard from our news boys.

[sonlover] Any opinions on whether one denom of Zim is better than another? they all seem to be 2008 series, which I understand will become (or remain) worthless but I assume not until after there is an opportunity to exchange. I also wonder why XE is showing a rate at 1 ZWR to 13 cents USD when not everyone else is. Thanks!

[daz] sonlover THERE ARE FOUR SERIS OF ZIM. THEY HAVE DIFFERENT VALUS RELATIVE TO THE PERIOD OF PAST CIRCULATION...AND FUTURE VALUES MAY BE RELATIVE TO PAST CIRCULATION/BOOKKEEPING PERIODS...JURY IS STIL OUT ON THE FINAL RESULT...HANG LOOSE ……BE FLEXIBLE

[daz] IM NOT SURE WHICH SERIES IS THE MOST VALUABLE OR EVEN VALID OR IF IT WILL BE AT THE END. MOST SOURCES SUGGEST THE 2008AA ARE THE BEST LONG SHOT. AND THE PRICE FOR ONE OF THOSE NOTES WENT UP TO $65 DOLLARS YESTERDAY AFTER THE CALL

[sunny] websites are still selling the 2008AA in the $40. range. That is one 100 T note. A year ago you could buy 450 Trillion for $29.95

Great news today Exogen. So they sent money to the Kurds, they are expecting to pay salaries next week (which for them starts Sunday, 3/1/15), and at the same time the CBI says it's discontinuing the 50 note and replacing them starting March 1st

Coincidence? I DON'T THINK SO!!! Let's get it done!

If you thought there was a liquidity crunch in Iraq before, there's REALLY going to be one starting on Sunday.

We know almost all of the three zero notes inside Iraq have been pulled from circulation, and at the same time auctions of the USD stopped.

Citizens are making purchases in dinar are doing so with what few notes they have held on to. But take out the 50 and other small notes and how are they supposed to make change and/or do business?

This process is coming to an end .... FAST!

»»»»»»»»»»»»»»»»»

R.V. / GCR February 26, 2015 at 9:39am

Globally, as of Yesterday all Quantitative easing has been STOPPED....TIMBER

marty > R.V. / GCR:to me this is HUGE. It means the beloved Rothchild's who USED to own 157 central banks globally are out of power and can no longer get money, the USA that missed global payments Jan 1, Jan 30, and Feb 17 is officially broke because the Feb can't print any fiat money. Also someone else owns the Fed. Could it be the REPUBLIC ? and the only way for the world to globally relieve their debt is ONLY through the GCR and NOW would be a good time to express the RV/GCR

(Note: All donations made to Dinar Chronicles will go into a Fund Reserve and will be distributed to charity.)For more details, visit:http://www.dinarchronicles.com/support-us.htmlPeace, love and light.Blessings.~ Owner of Dinar Chronicles

Millionday: Enhance the production of non-oil sectors of Baghdad-Mostafa Hashemi sees specialists that Iraq's economic qualifications allow him to achieve sustainable development if they took advantage of the geographical conditions in the establishment of industrial partnership contracts with major international companies

so that it could be the emerging economy in the region, while the progress of these partnerships the benefit of the countries shared some see the importance of feasibility with global consultancy firms in this particular study.

Millionday: NOTE -- THEY ARE ACTIVATING INDUSTRY CONTRACTS IN IRAQ WITH OTHER COUNTRIES AND WITHIN TO DEVELOP THE ECONOMY

Millionday: READ EVRY WORD >>

It is intended economy emerging is to seek the country to become an advanced economy through liquidity in the debt markets, local stocks and the existence of some form of market exchange regulatory body. And emerging markets generally not possess the level of market efficiency

and strict standards in the field of accounting and securities regulation to be on par with the developed economies (such as the US, Europe and Japan), but usually the basic physical and financial structure and banks uniform and the stock market.

I am not expecting much at the start..maybe a few dinar from 1166 to 1160 or so. Parliament has work to do to get the economic train moving down the tracks...IMO, this will start slow and progressively get better as investment and economic progress takes hold. This is not some overnight event. Remember the CBI said just a few months ago that they have slated 4 years for the process.

Launched the ministries of finance and planning instructions and implementation of the federal budget of the Republic of Iraq for the year / 2015 after being placed in the general framework of the strategy required by the current stage and confirmed most of the approved financial allocations in the budget to take advantage of the employment of energies in order to continue the cultural building sophisticated Iraqi society.

The included instructions prepared in accordance with the provisions of the federal budget Law No. (2) for the year / 2015 in its segment first necessary to coordinate ministries and departments is related to the Ministry and provincial councils and offices of inspectors general validity of the controls in the use of approved allocations in the budget, while the second section which included instructions and implementation of the federal budget for the year / 2015 and included Sections III and IV Angels and instructions and powers of the implementation of capital project expenditures (investment) for the year / 2015.

She stressed the two ministries to comply fully with what is stated in this instruction in the public interest and to avoid trespassing on public money and thus exposure to legal accountability.

Wednesday, February 25, 2015

Millionday Roundtable 2/25/15 Millionday: The prime minister Haider Abadi, Iraq's ability to emerge from the financial crisis caused by low oil prices, pointing out that "the key role of women in society, and a source of pride and Ttoaha estimate from us."

A statement by the Office of Abadi agency {Euphrates News} received a copy of it on "The prime minister met with a group of young volunteers to aid displaced people in the various provinces, and stressed that" volunteering key issue for people and communities, especially among the youth sector. "

Millionday: NOTE -- THE FIRST BLESSING OF THIS IS THE RETURN OF THE DISPLACED PEOPLE

Millionday: He added that "the requirements of society big and desires and multiple met difficult, the right thing there has to be a balance and a sacrifice for the community and the public interest. "

The prime minister noted that "the summit of sacrifice is to provide the service free of charge and the sacrifice of young people their time and effort for the sake of serving the community,"

and expressed the hope "that there be awareness public about the principle of volunteering to keep the home and the dimensions of the danger with him and the reform of society. "

KJWaynePunisher took notes: (From IQD Call) LJsays the "stability" we are looking for is to have LAWS, not the "stop blowing things up" kind of stability.

Says some of the laws cannot be done in that basket and will have to be passed separately.

Says they amended changes to the oil and gas law to make the Kurds happy. Says HCL is NOT done.

Says (again from last week) if we get to June and no changes have taken place regarding the Sunnis and Kurds, things will not look so pretty.

THANKS to Blue and Punisher

STRAIGHT TALKING MIKE talked about the C.B.I. stopping the auctions. He says what this does is it forces everyone (the citizens) to go to the banks now and start using them...they want the banking system up and going and ready to go and that they are basically there.

Says the auctions stopping is NOT a precursor to an rv. Says this was a great step for the C.B.I. in moving forward.

Says we need the Investment Law in place to start to help out the bank side of things.

This week is an interesting one. The budget is 100% done, which is exactly what we want. The CBI is mucking around with their auctions... and there's a ripple effect happening right now, which will have an impact on the ISX and a lot more... but the fact that the CBI is changing things up has me asking questions, and I'm getting some VERY interesting responses. [ it appears that the budget has been passed and published in the Gazette. You have always talked about hca, budget, hcl and then rv.

[Would the hcl language be covered in the passed budget or should we be looking for an explicit law that will be passed and then also published in the Gazette?]

It does appear that there was HCL-specific text in the budget, but the HCL has to be passed on it's own. In other words, the budget supports the HCL, but the HCL will be a completely separate deal. With any luck, it will be dealt in short order!

http://ds1.downloadtech.net/cn1086/audio/941811237271339-001.mp3Tony: Good morning, TNT! Today is Wednesday, February 25, 2015. Glad to see everyone is here on this fine morning. Someone told me last night that they know what I would say: I never expected to be here on this call today, thought it would be done and over with by now. I don’t know if DC can be on the call, because he is tied up with meetings.

I will give you the facts, east to west, and we might get a little more in depth. The fact is that we are not at the bank. Yesterday you saw the budget was fully publicized. We got the same information: it is fully publicized, and it was signed off two weeks ago. We had a guy who actually walked over, took a look at it, and said this: Just reviewed the Budget that was published today. We are getting closer. It is not yet complete. At least the portion put out for the public today was not complete. The number of subsections that are not publicized is down to 17 – they have been signed off, but not put out for the public yet. Sections not published include the HCL, tariff law. Articles say they want it to take effect by 1. March, but it’s not publicized in this Budget, even though the Budget itself has been signed off. These sections could come out any time between now and Saturday.” It could happen at any moment.

Central Bank starts the application of the new system of remittances and sell currency

[tlm724] central bank, announced on Wednesday, to start applying the new system of remittances and sell the currency.

[tlm724] "the bank began on Wednesday, the application of the new system of remittances and sell the currency

[tlm724] theres the announcement of the new system

[tlm724] and denied stopped selling the dollar operations

[tlm724] thats right they will still use the dollars for remittances as Shredd explained in his chat. I read another article that said the CBI will issue money orders now. Read here for remittances explaination : http://www.bondladyscorner.com/t116348-bondlady-and-admins-chat-cbi-auction-02-21-2015

[tlm724] with a commitment to the requirements of the Anti-Money Laundering Act and the Financing of Terrorism Central decided to new instructions issued in this regard.

[tlm724] they have to follow the guidelines set by the IMF and they have issued the instructions !

More news today from the CBI as they implement their new mechanism of currency purchases.....Parliament is gearing up to pass a number of important laws......economists and experts are still squawking about Iraqi economics it seems.....preparations for the attack on Mosul continue.....expect a salary payment to the Kurds tomorrow.

Rivers gives 17 million dinars for people wishing to buy a car

Iraqis are getting upwards of 17 million dinars to purchase an automobile.....payments are only 350,000 dinars per month....wonder where they will be getting that kind of cash.

Central Bank starts the application of a new system of couriers

Today the CBI announces a new system of cash remittance of dollars through the mechanism they have implemented that will protect the economy and the exchange rate against the dinar.....the CBI claims this new system does not force the bank to rely on the dollar for sales with banks and banking companies.....since their inception in 2004...more or less, the CBI has conducted daily currency auctions.....because their currency was set at a programed rate they were not in the business of exchanging currency as other central banks around the world who are not set on a program rate....so why the change this week....what is changing....something that we have yet to be privy to....mighty interesting.

The World Bank did a lot of work last week. The BIS did a lot of work this week. The CIA was in Iraq (as reported in the press) and other related agencies that protect and help out.

Everyone knows what is about to happen with Iraq.

There is a UNITY in the middle east...working together. Amazing. THREE FACTORS will affect our investment. #1 – The American Dollar going up in value. #2 – The American Economy going up #3 – Oil prices will go down. All 3 occurred and helped to accomplish the mission...laws in the budget (over a thousand of them) needed to be in place to ACTIVATE the budget.

The HCL is my favorite. The budget approved, passed, signed and in the hands of the Gazette. Forget about the dates things should appear in the Gazette.

The budget is published and will be shown to the world at their [Iraq’s] pace. The laws are in the budget but the budget is NOT activated. Published but not ACTIVATED.

Prime Minister Dr. Haider Al-Abadi recently received in his office the director of the World Bank in the Middle East and North Africa, Mr. Farid Belhaj, and the Special Representative of the World Bank Mission in Iraq, Mr. Robert Bu Jodah.

The meeting discussed the challenges of Iraq’s economy caused by the global drop of oil prices in addition to reorganizing the economy in Iraq, the government support to private sector,

and turning the challenges of Iraq into opportunities for real reforms besides following up the results of the meeting between PM Dr. Al-Abadi and Director of the World Bank on the margin of Davos Forum last month.

Dr. Al-Abadi mentioned that the government is continuing in implementing its economic reforms and supporting private sector; “this is what we started to seek for through ratifying the budget of this year which adopted abstinence”

(Reuters) - Gulf Keystone Petroleum Ltd (GKP.L), a foreign oil producer in Iraqi Kurdistan, is exploring a potential sale amid lengthy talks with the Kurdistan Regional Government over delayed payments for oil exports, the company is set to disclose on Wednesday, according to Sky News.

The oil company is working with Deutsche Bank as its financial adviser as it weighs strategic alternatives, the report said, citing sources. (bit.ly/1afU3bQ)

The Sky News report, however, did not identify any potential suitors or partners for the British oil producer that earlier had said it was taking a "prudent approach" with capital expenditure in 2015 and that its board was considering a number of long-term financing options.

"A sale of Gulf Keystone is by no means certain, although it is likely to attract interest from possible buyers including rival oil explorers in the region," Sky News said.

Oil producers across the globe are trying to deal with the financial consequences of a sharp decline in oil prices since last year's peak in June.

Earlier this month, Gulf Keystone and its partner MOL PLC MOLB.BU said they had suspended all trucked exports of crude from the Shaikan oilfield in NorthernIraq.

The Kurdish Regional Government owes the region's oil companies months' worth of oil export payments. It has been catching up on such outlays since Iraq's central government reinstated budget allocations to the autonomous authority late last year.

Representatives for Gulf Keystone, which has a market value of 316.72 million pounds ($489.90 million) as of Tuesday's close, could not be reached for comment.

Article:"Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customers"

Can you imagine the reaction of a local Iraqi businessman when he goes to the bank to buy some dollars and is told that they don't have any? What else could he do except use dinars, right? Talk about turning the tables quickly! Sure, some will find ways to get dollars from other sources, but not nearly enough. Eventually, and probably sooner rather than later, people will realize that they have to use their own currency. This will stabilize the market, at which point the CBI will be in position to allow the float. As some have suggested, they may not even make a big thing about it. The value of the dinar will just begin to rise, and the official rate will rise with it. Of course at some point they will have to drop the fixed official rate.

The foreign remittances issue means that dollars can still be had by locals, IF they can find foreigners who will accept the dinars in trade. This is the crux: getting the dinar to be accepted as an international currency. It could be a jerky road, but I think that the CBI is convinced that there is sufficient backing of their currency to see this through. Hold on to your hats! The next few turns could be scary.http://www.dinarchronicles.com/intel

We will resort to “another solution” if Baghdad does not abide by oil agreement, says Barzani

(IraqiNews.com) President of the Kurdistan Regional Government Nechirvan Barzani announced on Monday, that the government will resort to “another solution” if the central government does not implement the 2015 general budget law and abide by the oil agreement.

Barzani said in a statement during a meeting with a number of officials, received IraqiNews.com, “The Kurdistan Regional Government is completely committed to its agreement with the central government, and is willing to address the issues with Baghdad,” adding that, “If Baghdad fails to implement the oil agreement and the budget law, Kurdistan will have to resort for another solution.”

Barzani stated, “Problem-solving and implementation of the 2015 budget law are Kurdistan’s priorities,” stressing that, “Kurdistan’s oil policy was established according to the Iraqi constitution.”

THIS IS OUR WEEK...SINCE CHINA BACKED IRAQ INTO A CORNER TODAY AND SAID PLAY NICE WITH CBI AND CBI SAID OK ...IRAQ CAN SUPPORT A UPPER RATE SURPASSING THE 8.16 MARK I HAVE BEEN TALKING ABOUT...KEEP IN MIND THAT THEY WILL GO INTO A FREE FLOAT AFTER A PERIOD OF TIME. VND IS LIVE NOW...THEY WILL DO AN ADJUSTMENT THIS WEEK. HEARING JUST OVER 1.00 ON VND... THEY ARE TRYING TO GET TO 2.21.

Millionday News 2/24/15 Millionday: WE ARE HAVING A GREAT NEWSTIME TONIGHT

Millionday: I AM GOING TO SHOW YOU SOME IMPORTANT THINGS TONIGHT

Millionday: FIRST I HAVE BEEN NOTICING THAT I DONT THINK MANY UNDERSTAND WHAT IS MEANT BY ONE OF THE REPORTS AND IRAQI CHANGES THROUGH CBI

Millionday: WE ARE GOING TO TAKE A MINUTE AND LOOK AT WHAT FOREIGN REMITTANCE IS -- THEN YOU MAY UNDERSTAND WHY THIS IS GREAT NEWS

Millionday: Foreign remittance can be defined as ‘the purchase and sale of freely convertible foreign currencies as admissible under Exchange Control Regulations of the country’.

A looser translation is the sending of money home while working in a foreign country. Thousands of people are currently working and living in a country that is not their home, and sending funds regularly back to their families in their home country.

There are two type of remittances:

Millionday: NOTE -- THIS MEANS THAT THE CURRENCY BEING SENT THROUGH WESTERN UNION OR ANY OTHER SOURCE WOULD BE EXCHANGABLE

Today … WS brings out an article … CIA has been in Iraq for awhile and what they have been doing.

Confirmation after confirmation of our CC last night showed up in news articles today.

ISIS was tolerated for whatever reason for awhile. But now enough is enough.

We told you yesterday that the budget is published … but not ready for our eyes yet until the laws are done (hint, hint – HCL).

Today an article comes out … “Do the poor have benefits from Iraq’s oil revenue?” – (of course they do). The HCL is in the 2015 Budget … but it is buried.

Last night (and the previous Monday) we talked about the HCL (inside the Budget) and laws being done outside the budget. The judicial system needs certain laws to take care of Maliki. His criminal past is catching up with him.

Tuesday, February 24, 2015

THE TARIFFS MAKE NO SENSE AT THEIR CURRENT LEVEL OF DINAR VALUE...WOULDNT PAY FOR THE PAPER THE BUDGET IS PRINTED ON. THEY MUST HAVE A TRUE VALUE, AND THEY HAVE COUNTED ON THE REVENUES FROM THESE TAXES TO REDUCE THEIR BUDGET DEFICIT. THEY HAVE USED FORMULAS TO ESTIMATE THE REVENUE BASED ON THE NUMBER OF DAYS LEFT IN THE YEAR...BASED ON WHATEVER DATE THEY CHOSE TO IMPLEMENT, ACTIVATE, FUND THE BUDGET...THERE IS NO GOING BACKWARDS, AND THEY CANNOT ADD DAYS TO THE YEAR. THE BUDGET ONLY GOOD FOR THE YEAR...POSTPONING WILL BANKRUPT THE COUNTRY...THEY WILL IMPLODE. ...I FEEL THEIR PLAN IS IN PLAY. THEY KNOW THE CBI MUST PROVIDE THE KEYS TO THE CAR...THEY HAVE NOT COME THIS FAR TO DERAIL!

to address...ISIS being some "hold-up" - my info and sense might lead me to the exact opposite conclusion - ISIS may well be a "catalyst factor" to a more immediate RV... further - I am suspicious the budget has been "slow walked" because they just don't have the $...some time ago I mentioned they had applied for loans everywhere - knowing this was coming. It may be they haven't gotten the support they need to "cover" (which I'm thinking is the case) and had to "slow the process"...

Article quote:"the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it."

Iraq is under the protections of Article XIV which prevents other countries from suing it for war reparations or anything else, for that matter. Under this Article there are also restrictions placed on Iraq with the IMF. However, all of the "big boys" are under Article VIII, which allows full international commerce, banking, etc., including the right to sue if necessary. It is necessary for Iraq to move to Article VIII if it wants to open commerce completely. At this point, some companies and/or countries are leary of investing in Iraq because if something goes wrong they have no recourse. Opening up to foreign remittances goes a long way toward getting Iraq ready for Article VIII. ...foreign remittances acceptance means that people can move funds freely back and forth. This means that if a foreign company wants to invest in Iraq it will have the ability to send home the profits. This is huge.

Furthermore...this change by the CBI allows for freely convertible currency between countries. This gets us very close to an internationally tradable currency. I am not sure that the dinar is quite to that point yet, but certainly it is heading in that direction. If we see it begin to be traded electronically instead of only physically as we have gotten our dinars, then the currency will be truly freely convertible. ...if they do not change to a flexible exchange rate regime once this gets rolling then Iraq will begin to suffer inflationary pressures. Therefore we may reasonably expect them to change the exchange rate regime in the near future.

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